My prediction is that the iCobalt SP will run hard and quickly. I’m expecting a 100% gain within weeks of it starting to trade. MTC SP will hold up nicely because of both the 33% ownership retained in iCobalt plus the timing will be that MTC will have at least one, maybe two, Li drilling campaigns underway or completed around the same time as the launch of iCobalt.
That said, SP could tank hard if this is just a money grab by directors, which it could well be.
MTC Price at posting:
27.5¢ Sentiment: Hold Disclosure: Held
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